Where do we go from here:
The first Probability was mentioned in the morning post.
Let's continue with that.
And in the Hourly Charts:
SL for Longs is 4633.
So is the hope for bears dead--- not yet.Till we breach 4844 ,bear hopes should remain alive.
As the following Chart would explain:
What tilts me towards the Bullish Count is:
1. 4th waves are not so fast & furious.
2. Channel break that is shown in the Chart below.
Otherwise, both Counts are giving the current direction as up, though one takes us only upto 4843,the other much higher.
Raghu
excellent and very educative post guruji with all reasons and explaination. yeh dil maange more....
ReplyDelete(of course as per ur convenience.....)
Guru Raghuvanshiji
ReplyDelete1.can we take max target as 2.236 of a?
if so then the max target will be
1028 points up ie.5560
2. Under such situation can we consider the whole move as X expanded one?
X.A.4728- 5400 = 672
X.B.5400- 4532 = 868
X.C.4532- 5560** = 1028